Invesco DB Agriculture Fund (NYSEARCA:DBA) Sees Strong Trading Volume – Should You Buy?

Invesco DB Agriculture Fund (NYSEARCA:DBA) shares saw strong trading volume on Tuesday . Approximately 1,762,104 shares were traded during mid-day trading, an increase of 48% from the previous session’s volume of 1,191,896 shares.The stock last traded at $28.8950 and had previously closed at $28.96.

Invesco DB Agriculture Fund Stock Performance

The business’s fifty day moving average is $28.24 and its 200-day moving average is $27.50. The firm has a market cap of $1.25 billion, a P/E ratio of 11.32 and a beta of 0.11.

Hedge Funds Weigh In On Invesco DB Agriculture Fund

Large investors have recently modified their holdings of the business. Bank of America Corp DE grew its stake in shares of Invesco DB Agriculture Fund by 5.1% in the first quarter. Bank of America Corp DE now owns 638,182 shares of the exchange traded fund’s stock worth $17,435,000 after purchasing an additional 31,182 shares during the last quarter. HighTower Advisors LLC lifted its holdings in Invesco DB Agriculture Fund by 4.5% during the 2nd quarter. HighTower Advisors LLC now owns 479,815 shares of the exchange traded fund’s stock worth $12,797,000 after buying an additional 20,626 shares during the period. Passaic Partners LLC acquired a new position in Invesco DB Agriculture Fund during the 4th quarter worth about $9,972,000. Royal Bank of Canada grew its position in shares of Invesco DB Agriculture Fund by 212.4% in the 1st quarter. Royal Bank of Canada now owns 290,096 shares of the exchange traded fund’s stock valued at $7,925,000 after buying an additional 197,234 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Invesco DB Agriculture Fund by 983.2% in the 1st quarter. The Manufacturers Life Insurance Company now owns 283,820 shares of the exchange traded fund’s stock valued at $7,754,000 after buying an additional 257,619 shares during the last quarter. Institutional investors own 38.63% of the company’s stock.

About Invesco DB Agriculture Fund

PowerShares DB Agriculture Fund (the Fund) is a separate series of PowerShares DB Multi-Sector Commodity Trust (the Trust). The Fund’s subsidiary is DB Agriculture Master Fund (the Master Fund), a separate series of DB Multi-Sector Commodity Master Trust (the Master Trust). The Fund offers common units of beneficial interest (the Shares) only to certain eligible financial institutions (the Authorized Participants) in one or more blocks of 200,000 Shares, called a Basket. The proceeds from the offering of Shares are invested in the Master Fund.